Friday, May 23, 2014

MAXIMA's Client CANDESTO ENTEPRISES Acquired by QE2

MAXIMA provided Transaction Advisory services to Candesto Enterprises Inc. for the sale of the business to QE2 Acquisition Corp.

From Marketwired:

May 01, 2014 09:30 ET

QE2 Acquisition Corp. Announces Close of Second Acquisition: An Alberta-Based Leader in Highway Signage and Guardrail Installation Services


CALGARY, ALBERTA--(Marketwired - May 1, 2014) - QE2 Acquisition Corp. ("QE2") is pleased to announce the completion of its second acquisition: key assets of Candesto Enterprises Inc. ("Candesto"), a highly successful infrastructure services company.

Candesto is a leader in highway signage, guardrail installation services, and miscellaneous fencing with its services primarily engaged in the new construction of roads and highways. Candesto has operated for over 20 years and strategically concentrates its activities in southern Alberta, with the bulk of its customers acting as the project general contractor, working for 1 of the 4 levels of government.

"This acquisition strengthens our portfolio and is aligned with QE2's strategy: to buy and grow Alberta companies that keep Alberta growing," states Mihalis Belantis, CEO of QE2.

Chris Bokenfohr, a civil engineer and owner of Candesto, will remain as General Manager of Candesto for 5 years and the existing staff is retained.

"I'm excited that Candesto is now part of QE2, and I look forward to continuing to grow Candesto with the help and support of the QE2 team," said Chris Bokenfohr, GM of Candesto.

March 2014 - Candesto completes the installation of new road signs on Airport Trail N.E. in Calgary: http://media3.marketwire.com/docs/QE1.jpg